Business

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

Lao Authorities, Lao Bank Seek Legal Action Against Thai Media Over Money Laundering Claims

On 31 July, Lao authorities and Lao Development Bank (LDB) met with Thailand's Central...

Chinese Commerce Chamber Urges Businesses in Laos to Cut Ties with Scam Networks

The General Chinese Chamber of Commerce in Laos has told its members to check...

LOCA PAY Set to Enhance Tourist Experience in Laos for 2024 “Visit Laos Year”, ASEAN Chairmanship

As Laos gears up for a landmark year, hosting the "Visit Laos Year 2024" and the prestigious ASEAN Chairmanship, LOCA PAY announces its readiness...

Lao Airlines, Vietjet Elevate Collaboration in Passenger Comfort, Technical Assistance

Laos' biggest airline, Lao Airlines, has recently formalized a collaboration with Vietjet, Vietnam's leading low-cost airline, aimed at bolstering mutual efforts in passenger and...

‘depa’ Celebrates Success of Transform: New Normal Market (Extended) Campaign

Empowering SMEs in 75 Markets with Digital Know-How and Pioneering a Digital Marketplace Prototype Across 25 Provinces, "depa" is proud to announce the successful...

Laos to Develop E-Commerce Policies, Strategies for Local Enterprises

Recognizing the surging trend of online sales in Laos, the government has designated the strengthening of e-commerce as a key strategic development goal for...

Laos Plans Crackdown on Non-Compliant Crypto Firms

The Lao government has announced plans to take stern action against companies that fail to make progress or comply with agreements related to cryptocurrency...

Thailand Grants Stay Extension for Migrant Workers from Laos, Myanmar, Cambodia, Vietnam

In a recent move aimed at supporting migrant workers, Thailand has granted a stay extension to migrant workers from Myanmar, Laos, Cambodia, and Vietnam...